Spam prevention
Rainmaker
1,528,510
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Jun 10, 2019 10:37 PM
Rainmaker
1,188,211
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

What Roy Kelley posted for you

Jun 11, 2019 05:15 AM
Rainmaker
1,722,326
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

The record is skipping again, push the needle

Jun 11, 2019 04:10 AM
Rainmaker
7,784,719
Roy Kelley
Retired - Gaithersburg, MD
Like assignmentnovation transfers the benefits under a contract but unlike assignmentnovation transfers the burden under a contract as well. ... Novation does not cancel past rights and obligations under the original contract, although the parties can agree to novate these as well.

Assignment and novation - Out-Law.com


https://www.out-law.com/en/topics/projects...contracts/assignment-and-novation/
Jun 11, 2019 03:53 AM
Rainmaker
5,095,861
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Deja vu all over again and again and again!

Jun 11, 2019 04:02 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Check Google.

Jun 11, 2019 03:04 AM
Rainmaker
4,847,715
Richard Weeks
Dallas, TX
REALTOR®, Broker

An assignment is when a buyer sells their equitable interest in a property to another.  A novation is when you draft a new contract.

Jun 11, 2019 02:37 AM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

I just wonder, where did you get all those questions?

Jun 10, 2019 08:46 PM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good luck with your studies. 

Jun 10, 2019 07:35 PM
Rainmaker
2,371,964
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Why not ask your teacher... oh wait, he's laughing all the way to the bank.

Jun 10, 2019 07:21 PM
Ambassador
5,198,813
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Yep, déjà vu!

Jun 11, 2019 07:59 PM
Rainmaker
4,132,122
John Pusa
Glendale, CA

Very good responses already.

Jun 11, 2019 02:29 PM
Rainmaker
1,497,698
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

.

Jun 11, 2019 10:57 AM
Rainer
286,657
Byron K . Jones
Coatesville, PA
List Today - Sold Tomorrow!

yes

Jun 11, 2019 09:02 AM
Ambassador
3,338,449
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I wish you all the best with your real estate studies.

Jun 11, 2019 08:02 AM
Ambassador
6,349,430
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Roy is an attny and answers this well.

Jun 11, 2019 05:18 AM
Rainer
340,653
Kris Collis, Associate Broker
Smart Way America Realty - East Stroudsburg, PA
Professional Results you Expect 570-801-5525

This question posted twice.

Jun 10, 2019 07:39 PM
Rainmaker
5,847,480
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Same question, same answer.

Jun 25, 2019 04:10 PM
Rainmaker
921,404
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I don't know why people answer question from Anonymous!

Oh, I just did.

Jun 12, 2019 03:21 PM
Rainmaker
1,292,641
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have never, in 20+ years, dealt with either.

Jun 12, 2019 02:19 PM
Rainer
6,300
Kanah Teagyn
KT Real Estate Student - Sandy, UT
Studying the pre-licensing course

If you want to transfer the burden of a contract as well as the benefits under it, you have to novate. Like assignment, novation transfers the benefits under a contract but unlike assignment, novation transfers the burden under a contract as well.

Jun 12, 2019 07:35 AM
Rainer
2,665
Wendy Katerberg
RE/MAX of Grand Rapids - Wyoming, MI
Realtor, Broker, Assoc Broker, GR and surrounding

Contract assignment is tranferring the interest in a construction contract from one party to another. You can transfer from one party to another via novation as well. However, novation is also tranferring the rights and obligations to a third party.

Jun 11, 2019 09:06 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

This has been answered recently, and Google has the answer also.

Jun 11, 2019 06:56 AM
Rainmaker
1,236,920
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

(RE)novation is a new contract superceding old one.

Jun 11, 2019 06:43 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Roy Kelley gave you the answer....

Jun 11, 2019 05:36 AM
Rainmaker
5,188,610
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Utah has a problem!

Jun 11, 2019 05:25 AM